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Other reinsurance contracts.

Utah Code § 31A-22-1202
in effect
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31A-22-1202. Other reinsurance contracts. (1) If there is no assumption agreement under Subsection 31A-22-1201(2), the reinsurer's sole obligation is to the ceding insurer. (2) No guaranty fund, security fund, or any other person, except the estate of the ceding insurer, has a claim against a reinsurer. (3) Subject to contractual rights of offset, if a ceding insurer is put into receivership, the reinsurer shall pay any amount due under the contract in full, without reduction because of the receivership: (a) to the domiciliary receiver if there is one; or (b) if there is not domiciliary receiver, to a Utah receiver. Amended by Chapter 257, 2008 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title31A/Chapter22/31A-22-S1202.html?v=C31A-22-S1202_1800010118000101Fetched: 10/26/2026

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